Kernel Group Holdings

Kernel Group Holdings, Inc. is a blank check company, which was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was founded on November 10, 2020 and is headquartered in San Francisco, CA.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Kernel Group Holdings, Inc. is a blank check company. It was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The company was founded on November 10, 2020 and is headquartered in New York, NY.

New York, April 05, 2024 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today that it has elected to extend the period of time it has to consummate its initial business combination by one month from April 5, 2024 to May 5, 2024 (the “Extension”). The Extension is the third of six-monthly extensions permitted under the Company's governing documents.

Kernel Group Holdings, Inc. Extends Period to Consummate Initial Business Combination

New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today that its shareholders approved amendments to its charter and trust agreement to change the structure and cost of how KRNL can obtain extensions to the deadline to complete its initial business combination and that KRNL obtained the first of up to six 1-month extensions of the deadline - from February 5, 2024 to March 5, 2024.

Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to August 5, 2024

New York, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today it caused to be deposited $150,000 into the Company's Trust account for its public shareholders, representing $0.02 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from January 5, 2024 to February 5, 2024 (the “ Extension ”). The Extension is the sixth of six monthly extensions permitted under the Company's governing documents.

Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination

New York, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW the “ Company ” or “ Kernel ”) today announced that on September 1, 2023, the Company received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“ Nasdaq ”), confirming that the Company had regained compliance with Nasdaq Listing Rule 5620(a) which requires companies to hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year (the “ Annual Meeting Requirement ”).

Kernel Group Holdings, Inc. Regains Compliance with Certain Nasdaq Listing Requirement

New York, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today that its shareholders approved amendments to its charter and trust agreement to change the structure and cost of how KRNL can obtain extensions to the deadline to complete its initial business combination and that KRNL obtained the first of up to six 1-month extensions of the deadline - from August 5, 2023 to September 5, 2023 - by depositing $150,000 into its trust account (the “ Trust Account ”) with Continental Stock Transfer and Trust Company (“ Continental ”).

[Updated] Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to September 5, 2023

Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to September 5, 2023

New York, July 05, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today it caused to be deposited $300,000 into the Company's Trust account for its public shareholders, representing $0.04 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by one month from July 5, 2023 to August 5, 2023 (the “ Extension ”). The Extension is the sixth of six-monthly extensions permitted under the Company's governing documents.

Kernel Group Holdings, Inc. Confirms Funding to Extend Period to Consummate Initial Business Combination [UPDATED]

New York, NY, March 28, 2023 (GLOBE NEWSWIRE) -- Fly Blade (India) Private Limited (“BLADE India”), a joint venture between Hunch Ventures and Blade Air Mobility, Inc., and Jaunt Air Mobility LLC (“Jaunt”), a subsidiary of AIRO Group Holdings, Inc. (“AIRO”), announced today they have signed a memorandum of understanding (“MOU”) aimed at launching electric vertical take-off and landing (eVTOL) aircraft operations in India and the subcontinent region by 2027. The MOU includes BLADE India's intended acquisition of 150 Jaunt Journey aircraft, with an option to order another 100 aircraft to meet the projected demand over the next decade.

Electric Air Mobility Division of AIRO Group Holdings, Inc. and Kernel Group Holdings (NASDAQ: KRNLU) Announce Memorandum of Understanding with BLADE India

New York, NY, March 07, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings (NASDAQ: KRNLU) (“Kernel”), a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination with one or more businesses, announced today that it has entered into a definitive business combination agreement (the “Merger Agreement”) with AIRO Group Holdings, Inc. (“AIRO”), a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities that dynamically address high growth market trends across the entire aviation & aerospace ecosystem. The Merger Agreement provides AIRO with a path to becoming a publicly listed company through a new Delaware holding company, AIRO Group, Inc. (“PubCo”) that will acquire both Kernel and AIRO.

(UPDATED) New Mid-Market Publicly Traded Aerospace & Defense Company: AIRO Group Holdings, Inc. (AIRO) Enters Agreement and Plan of Merger with Kernel Group Holdings (NASDAQ: KRNLU) to List on NASDAQ

New York, NY, March 06, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings (NASDAQ: KRNLU) (“Kernel”), a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, or similar business combination with one or more businesses, announced today that it has entered into a definitive business combination agreement (the “Merger Agreement”) with AIRO Group Holdings, Inc. (“AIRO”), a multi-faceted air mobility, autonomy & aerospace platform with differentiated technologies and capabilities that dynamically address high growth market trends across the entire aviation & aerospace ecosystem. The Merger Agreement provides AIRO with a path to becoming a publicly listed company through a new Delaware holding company, AIRO Group, Inc. (“PubCo”) that will acquire both Kernel and AIRO.

New Mid-Market Publicly Traded Aerospace & Defense Company: AIRO Group Holdings, Inc. (AIRO) Enters Agreement and Plan of Merger with Kernel Group Holdings (NASDAQ: KRNLU) to List on NASDAQ

NEW YORK, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (NASDAQ: KRNLU, KRNL, KRNLW) (“ KRNL ” or the “ Company ”), a special purpose acquisition company, announced today that its shareholders approved amendments to its charter and trust agreement to change the structure and cost of how KRNL can obtain extensions to the deadline to complete its initial business combination and that KRNL obtained the first of up to six 1-month extensions of the deadline - from February 5, 2023 to March 5, 2023 – by depositing $300,000 into its trust account (the “ Trust Account ”) with Continental Stock Transfer and Trust Company (“ Continental ”).

Kernel Group Holdings, Inc. Announces Charter and Trust Agreement Amendments and Intention to Extend the Deadline to Complete a Business Combination to March 5, 2023

SAN FRANCISCO, March 23, 2021 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (Nasdaq: KRNLU) (the “Company”) today announced that, commencing March 26, 2021, holders of the units sold in the Company's initial public offering of units, completed on February 5, 2021, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “KRNLU,” and the Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “KRNL” and “KRNLW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants.

Kernel Group Holdings, Inc. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 26, 2021

SAN FRANCISCO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Kernel Group Holdings, Inc. (the “Company”) today announced the pricing of its upsized initial public offering of 26,500,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “KRNLU” beginning on February 3, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “KRNL” and “KRNLW,” respectively. The initial public offering is expected to close on February 5, 2021, subject to customary closing conditions.

Kernel Group Holdings, Inc. Announces Pricing of Upsized $265 Million Initial Public Offering

News for Kernel Group Holdings Stock (KRNLU)